Nov 21, 2014
Michael Covel speaks with Nigol Koulajian and Donald Wieczorek on today’s podcast--two separate interviews back to back. Nigol Koulajian's firm is Quest Partners, LLC and is approaching one billion AUM. Koulajian has a very interesting take on trend following--specifically his take on replicating famous trend following strategies. Koulajian and Covel discuss Koulajian’s background and entrepreneurism within Lebanese culture; how Koulajian got his start, and how he found his way into the systematic strategies he employs today; the influence of Van Tharp; the importance of practices like transcendental meditation and yoga on the mental side of trading and in the context of Koulajian’s work today as a fund manager. the S&P 500 as a trading system; crowd psychology; replication strategies; price action as a trigger for different strategies; volatility, volatility compression, and why volatility is not the way to measure risk in the markets anymore; the Flash Crash; and trend following as a hedge to equity risk. Next, Michael Covel speaks with Donald Wieczorek. Wieczorek’s firm is Purple Valley Capital. Covel and Wieczorek discuss Wieczorek’s early track record; Salem Abraham; drawdowns; Wieczorek’s first exposure to trend following; why losing early in your trading career can be a good thing; why you don’t need to predict market movement to make money; Jack Schwager and the Market Wizards series; and why systematic trading is more than just the technical system. Next, Covel and Wieczorek break apart some of Wieczorek’s monthly performance windows (trendfollowing.com/don.pdf), picking apart the psychology and context of certain months in Wieczorek’s career. Covel and Wieczorek continue on to talk about correlation between famous trend following traders; volatility and risk; and the value of crisis alpha. Want a free trend following DVD? Go to trendfollowing.com/win.